American River Bankshares (AMRB) COO Sells $73,218.78 in Stock

American River Bankshares (NASDAQ:AMRB) COO Kevin Bender sold 4,878 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $15.01, for a total transaction of $73,218.78. Following the transaction, the chief operating officer now owns 13,473 shares of the company’s stock, valued at $202,229.73. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

American River Bankshares (NASDAQ:AMRB) opened at $15.01 on Tuesday. The stock has a market cap of $92.48, a price-to-earnings ratio of 20.38 and a beta of 0.30. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.64 and a current ratio of 0.64. American River Bankshares has a 1-year low of $12.97 and a 1-year high of $16.49.

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American River Bankshares (NASDAQ:AMRB) last announced its quarterly earnings results on Thursday, January 25th. The financial services provider reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.01). The company had revenue of $5.23 million for the quarter, compared to analyst estimates of $5.35 million. American River Bankshares had a return on equity of 5.82% and a net margin of 14.53%. research analysts predict that American River Bankshares will post 0.96 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 14th. Stockholders of record on Wednesday, January 31st will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, January 30th. This represents a $0.20 annualized dividend and a dividend yield of 1.33%. American River Bankshares’s dividend payout ratio (DPR) is presently 40.82%.

American River Bankshares declared that its Board of Directors has initiated a stock repurchase program on Thursday, October 19th that authorizes the company to buyback 320,000 shares. This buyback authorization authorizes the financial services provider to purchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

Several brokerages have commented on AMRB. Zacks Investment Research upgraded shares of American River Bankshares from a “sell” rating to a “hold” rating in a research report on Wednesday, December 20th. Sandler O’Neill set a $16.00 price target on shares of American River Bankshares and gave the stock a “hold” rating in a report on Thursday, January 4th. Finally, ValuEngine upgraded shares of American River Bankshares from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $16.50.

Several large investors have recently made changes to their positions in AMRB. JPMorgan Chase & Co. increased its holdings in shares of American River Bankshares by 217.7% during the second quarter. JPMorgan Chase & Co. now owns 7,943 shares of the financial services provider’s stock worth $115,000 after buying an additional 5,443 shares in the last quarter. Cutler Capital Management LLC acquired a new stake in American River Bankshares in the third quarter valued at $138,000. Context BH Capital Management LP increased its holdings in American River Bankshares by 22.0% in the third quarter. Context BH Capital Management LP now owns 22,236 shares of the financial services provider’s stock valued at $308,000 after purchasing an additional 4,005 shares during the period. Vanguard Group Inc. increased its holdings in American River Bankshares by 2.1% in the second quarter. Vanguard Group Inc. now owns 227,191 shares of the financial services provider’s stock valued at $3,296,000 after purchasing an additional 4,667 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in American River Bankshares by 2.1% in the third quarter. Dimensional Fund Advisors LP now owns 361,325 shares of the financial services provider’s stock valued at $5,069,000 after purchasing an additional 7,266 shares during the period. Institutional investors own 55.72% of the company’s stock.

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American River Bankshares Company Profile

American River Bankshares is a bank holding company. The Company’s banking subsidiary is American River Bank (the Bank). The Bank’s primary business is serving the commercial banking needs of small to mid-sized businesses. The Bank accepts checking and savings deposits; offers money market deposit accounts and certificates of deposit; makes secured and unsecured commercial loans, secured real estate loans, and other installment and term loans, and offers other customary banking services.

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